Hoban Construction announced on the 8th that it ranked first in the 'subcontract payment rate within 10 days' according to the Fair Trade Commission's inspection results for the first half of last year.
On the 5th, Hoban Construction recorded the highest at 84.62% for the 'payment rate within 10 days' among 1,396 businesses within 88 corporations that disclosed their subcontract payment terms, according to the '2024 first half subcontract payment condition disclosure inspection results' released by the Fair Trade Commission. This indicates that it paid subcontract amounts the fastest among large corporations. Legally, subcontract payments must be made within 60 days.
In addition to Hoban Construction, Korea Aerospace Industries recorded 82.88%, LG recorded 82.09%, both exceeding 80%, while HDC followed at 74.76% and KT&G at 71.94%.
Hoban Construction and the Hoban Group provide early cash payments for project costs to partner companies each year before holidays. They are expanding efforts for mutual growth with partner companies through awards for outstanding partners, support for management stabilization funds, and appreciation gifts for Labor Day.